In the rich man's world of diversified asset portfolios and international investment opportunities, luxury property in the right market equals hot property.
But where do speculating millionaires and billionaires get the most bang for their buck? Is it in the suave sophistication of New York City, the ornate splendor of London's townhouses or the ultramodern apartments of central Shanghai?
We've compiled the following list using data gleaned from the Knight Frank Wealth Report 2013 to show the most valuable locations for luxury properties.
We know you're starting to panic. With just a few weeks left in the holiday season, you still needs Christmas gift ideas for some of the people on your list: the babysitter you want to keep happy, the co-worker you drew in the office Secret Santa exchange, the in-laws who have everything, the new niece or nephew who already seems to have so much for such a tiny person.